Tds
We have an Employee at salary of Rs. 30000 per month.
He has savings of Rs.120000 per Year eligible for deduction under section 80 c . Do we need deduct TDS?
Replies (1)
Not required if the taxable income doesn't exceed Rs.2.50 lacs.
In your case taxable income (assuming there is no other income):
360000-120000=240000 < Rs.250000
No TDS
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